UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31 2006
Check here if Amendment [ ]; Amendment Number: _____
This Amendment (Check only one): [X] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BancorpSouth Inc.
Address: One Mississippi Plaza
201 South Spring Street
Tupelo MS 38804
Form 13F File Number: 28-10453
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the report is
authorized to submit it that all information contained herein is true correct
and complete and that it is understood that all required items statements
schedules lists and tables are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Cathy S. Freeman
Title: Senior Vice President and Corporate Secretary
Phone: (662) 680-2084
Signature Place and Date of Signing:
/s/ Cathy S. Freeman Tupelo Mississippi May 24, 2006
------------------------ ---------------------- ------------
[Signature] [City State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings
for this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager: None.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 829
Form 13F Information Table Value Total: $152024353
(thousands)
LIST OF OTHER INCLUDED MANAGERS:
Provide a numbered list of the name(s) and Form 13F file number(s) of
all institutional investment managers with respect to which this report is filed
other than the manager filing this report.
No. Form 13F File Number Name
--- -------------------- ----
1 28-10939 BancorpSouth Bank
2
FORM 13F INFORMATION TABLE
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
DEUTSCHE BANK-EUR D18190898 149 1306 SH SOLE 1 0 0 1306
ACE LIMITED G0070K103 133 2563 SH SOLE 1 147 0 2416
AMERICAN SAFETY G02995101 11 685 SH SOLE 1 0 0 685
INSURANCE HOLDINGS LTD
ARLINGTON TANKERS LTD G04899103 69 3015 SH SOLE 1 791 0 2224
GLOBAL SANTAFE CORP G3930E101 499 8221 SH SOLE 1 262 0 7959
INGSOLL-RAND CO CL A G4776G101 291 6969 SH SOLE 1 5200 0 1769
BERMUDA
LAZARD LTD SHS A G54050102 55 1262 SH SOLE 1 0 0 1262
MARVELL TECHNOLOGY G5876H105 167 3089 SH SOLE 1 0 0 3089
GROUP
MONTPELIER RE HLD LTDF G62185106 218 13400 SH SOLE 1 13400 0 0
NABORS INDUSTRIES G6359F103 121 1702 SH SOLE 1 0 0 1702
SEAGATE TECHNOLOGY SHS G7945J104 22 860 SH SOLE 1 0 0 860
ALCON INC H01301102 74 714 SH SOLE 1 0 0 714
UBS AG NEW H8920M855 80 735 SH SOLE 1 0 0 735
MIND C.T.I. LTD COM M70240102 6 2000 SH SOLE 1 2000 0 0
ORCKIT COMMUNICATIONS NEW M7531S206 17 780 SH SOLE 1 0 0 780
LTD SHS
ADC TELECOMMUNICATIONS 000886309 87 3411 SH SOLE 1 0 0 3411
A F L A C INC 001055102 162 3604 SH SOLE 1 2000 0 1604
AGL RESOURCES INC 001204106 16 450 SH SOLE 1 450 0 0
AT&T INC COM 00206R102 926 34258 SH SOLE 1 33194 0 1064
AT&T INC COM 00206R102 82 3048 SH DEFINED 1 958 2090 0
ATMI INC 00207R101 26 888 SH SOLE 1 116 0 772
ABBOTT LAB 002824100 270 6371 SH SOLE 1 6371 0 0
ABBOTT LAB 002824100 178 4200 SH DEFINED 1 200 4000 0
ACE CASH EXPRESS INC COM 004403101 39 1585 SH SOLE 1 215 0 1370
ACTUANT CORP CLASS A 00508X203 24 395 SH SOLE 1 0 0 395
ADAMS EXPRESS CO COM 006212104 111 8365 SH SOLE 1 8365 0 0
ADOBE SYSTEMS DELAWARE 00724F101 87 2499 SH SOLE 1 0 0 2499
INCORPORATED
ADTRAN INC 00738A106 64 2454 SH SOLE 1 100 0 2354
AEGON N V ORD 007924103 261 14175 SH SOLE 1 0 0 14175
AETNA INC COM 00817Y108 19 400 SH DEFINED 1 0 0 400
AFFILIATED MANAGERS COM 008252108 100 940 SH SOLE 1 0 0 940
GROUP
AGERE SYS INC COM 00845V308 117 7839 SH SOLE 1 27 0 7812
AGILENT TECHNOLOGIES 00846U101 2 59 SH SOLE 1 59 0 0
INC.
AGNICO EAGLE MINES 008474108 83 2750 SH SOLE 1 500 0 2250
AIR PRODS & CHEMS INC COM 009158106 7 111 SH SOLE 1 0 0 111
AIRTRAN HLDGS INC COM 00949P108 14 805 SH SOLE 1 0 0 805
AIXTRON ADR 009606104 2 510 SH SOLE 1 510 0 0
AKTIENGELELLSCHAFT
ALCOA INC 013817101 178 5840 SH SOLE 1 5610 0 230
ALCATEL SPONSORED 013904305 361 23469 SH SOLE 1 733 0 22736
ADR
ALLIANT TECHSYSTEMS INC 018804104 64 842 SH SOLE 1 114 0 728
ALLIANCEBERSTEIN HLDG 01881G106 132 2000 SH DEFINED 1 2000 0 0
LP
ALLIED CAP CO FUND 01903Q108 9 315 SH SOLE 1 315 0 0
ALLIED WASTE INDS INC NEW 019589308 78 6378 SH SOLE 1 0 0 6378
ALLION HEALTHCARE INC COM 019615103 19 1405 SH SOLE 1 0 0 1405
ALLSCRIPTS HEALTHCARE COM 01988P108 19 1075 SH SOLE 1 0 0 1075
SOLUTI
ALLSTATE CORP COMMON 020002101 818 15710 SH SOLE 1 10946 0 4764
ALLSTATE CORP COMMON 020002101 16 310 SH DEFINED 1 310 0 0
ALLTEL CORP 020039103 56 873 SH SOLE 1 653 0 220
ALLTEL CORP 020039103 440 6800 SH DEFINED 1 6800 0 0
ALTERA CORP 021441100 4 200 SH SOLE 1 200 0 0
ALTRIA GROUP INC 02209S103 1028 14514 SH SOLE 1 10208 0 4306
AMBAC FINANCIAL GROUP 023139108 3 50 SH SOLE 1 50 0 0
AMERCO 023586100 86 878 SH SOLE 1 120 0 758
AMERICAN ELECTRIC POWER 025537101 156 4600 SH SOLE 1 1975 0 2625
AMER EXPRESS CO 025816109 257 4900 SH SOLE 1 1935 0 2965
AMERICAN INTERNATIONAL 026874107 448 6791 SH SOLE 1 5110 0 1681
GROUP INC
AMERICAN INTERNATIONAL 026874107 11 175 SH DEFINED 1 175 0 0
GROUP INC
AMERICAN TOWER CORP CL A 029912201 114 3763 SH SOLE 1 0 0 3763
AMERICREDIT CORP COM 03060R101 88 2873 SH SOLE 1 0 0 2873
AMERISAFE INC CL A 03071H100 15 1325 SH SOLE 1 0 0 1325
AMERUS LIFE HOLDINGS 03072M108 113 1889 SH SOLE 1 1889 0 0
AMERISOURCEBERGEN CORP 03073E105 61 1272 SH SOLE 1 0 0 1272
AMGEN INC 031162100 557 7667 SH SOLE 1 1008 0 6659
AMGEN INC 031162100 14 200 SH DEFINED 1 200 0 0
AMSOUTH BANCORPORATION 032165102 622 23039 SH SOLE 1 23039 0 0
ANADARKO PETE CORP 032511107 17 172 SH SOLE 1 27 0 145
ANADARKO PETE CORP 032511107 147 1464 SH DEFINED 1 0 1464 0
ANGIODYNAMICS INC COM 03475V101 18 610 SH SOLE 1 0 0 610
ANGLO AMERICAN PLC SP ADR 03485P102 200 10248 SH SOLE 1 0 0 10248
3
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
ANHEUSER-BUSCH 035229103 271 6351 SH SOLE 1 5756 0 595
COMPANIES
ANHEUSER-BUSCH 035229103 153 3600 SH DEFINED 1 3600 0 0
COMPANIES
AON CORP 037389103 17 433 SH SOLE 1 0 0 433
APACHE CORP 037411105 68 1050 SH SOLE 1 0 0 1050
APPLE COMP INC 037833100 79 1266 SH SOLE 1 0 0 1266
APPLE COMP INC 037833100 87 1400 SH DEFINED 1 1400 0 0
APPLEBEES INTL INC COM 037899101 76 3102 SH SOLE 1 0 0 3102
APPLIED MATERIALS INC 038222105 640 36603 SH SOLE 1 35670 0 933
ARCH COAL INC 039380100 94 1249 SH SOLE 1 0 0 1249
ARCHER-DANIELS-MIDLAND 039483102 9 279 SH SOLE 1 279 0 0
COMPANY
ARGONAUT GROUP INC 040157109 31 885 SH SOLE 1 0 0 885
ARTHROCARE CORP COM 043136100 15 320 SH SOLE 1 0 0 320
ARVINMERITOR 043353101 0 44 SH SOLE 1 44 0 0
ASHFORD HOSPITALITY 044103109 41 3365 SH SOLE 1 460 0 2905
TRUST INC
AUTO DATA PROCESS 053015103 207 4550 SH SOLE 1 4550 0 0
AUTOZONE 053332102 19 200 SH SOLE 1 200 0 0
AUTOZONE 053332102 47 472 SH DEFINED 1 472 0 0
AVAYA INC 053499109 78 6970 SH SOLE 1 172 0 6798
BB&T CORP 054937107 18 464 SH SOLE 1 464 0 0
BASF AG ADR 055262505 193 2472 SH SOLE 1 0 0 2472
BCE INC 05534B109 104 4352 SH SOLE 1 0 0 4352
BKF CAP GROUP INC COM 05548G102 5 450 SH SOLE 1 60 0 390
BJ SERVICES CO 055482103 378 10951 SH SOLE 1 302 0 10649
BP AMOCO PLC SPONSORED 055622104 572 8307 SH SOLE 1 6436 0 1871
ADR
BP AMOCO PLC SPONSORED 055622104 258 3756 SH DEFINED 1 3756 0 0
ADR
BALDOR ELEC CO COM 057741100 46719 1379787 SH DEFINED 1 1379787 0 0
BANCORPSOUTH INC 059692103 27901 1162564 SH SOLE 1 1162189 0 375
BANCORPSOUTH INC 059692103 1688 70366 SH DEFINED 1 67437 2592 337
BANK OF AMERICA CORP NEW COM 060505104 776 17057 SH SOLE 1 11484 0 5573
BANK OF THE OZARKS INC 063904106 3365 92200 SH DEFINED 1 92200 0 0
BANKATLANTIC BANCORP CL A 065908501 26 1875 SH SOLE 1 255 0 1620
BASSETT FURNITURE COM 070203104 1 100 SH SOLE 1 100 0 0
INDUSTRIES
BAXTER INTL INC 071813109 88 2280 SH SOLE 1 2280 0 0
BEAR STEARNS COS INC 073902108 118 857 SH SOLE 1 857 0 0
BELLSOUTH CORP 079860102 465 13429 SH SOLE 1 13429 0 0
BELLSOUTH CORP 079860102 93 2696 SH DEFINED 1 400 2296 0
BERKSHIRE HATHAWAY "A" 084670108 90 1 SH SOLE 1 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 9 3 SH DEFINED 1 3 0 0
BIRCH MTN RES LTD COM 09066X109 25 3485 SH SOLE 1 475 0 3010
BLACKROCK INVT QUALITY 09247D105 53 3000 SOLE 1 3000 0 0
MUNI TR INC
BLOCK H & R INC COM 093671105 4 217 SH SOLE 1 0 0 217
BOEING INC 097023105 85 1100 SH SOLE 1 875 0 225
BOSTON SCIENTIFIC 101137107 175 7600 SH SOLE 1 110 0 7490
BOYD GAMING CORP 103304101 94 1902 SH SOLE 1 0 0 1902
BRANDYWINE RLTY TR SH NEW 105368203 1 48 SH SOLE 1 0 0 48
BEN INT
BRIGGS & STRATTON CORP 109043109 56 1600 SH SOLE 1 215 0 1385
BRINKER INTL INC 109641100 79 1878 SH SOLE 1 0 0 1878
BRISTOL MYERS SQUIBB CO 110122108 256 10430 SH SOLE 1 10430 0 0
BROADCOM CORP 111320107 99 2300 SH SOLE 1 300 0 2000
BUILD-A-BEAR WORKSHOP 120076104 14 465 SH SOLE 1 0 0 465
INC
BUILDERS FIRSTSOURCE COM 12008R107 28 1245 SH SOLE 1 0 0 1245
INC
BURLINGTON 12189T104 25 310 SH SOLE 1 310 0 0
NORTHERN/SANTA FE CORP
CBS CORP NEW CL B 124857202 142 5953 SH SOLE 1 5839 0 114
CB RICHARD ELLIS GROUP CLASS A 12497T101 44 550 SH SOLE 1 76 0 474
CIGNA CORPORATION 125509109 247 1894 SH SOLE 1 89 0 1805
CVS CORP DELAWARE 126650100 217 7282 SH SOLE 1 425 0 6857
CA INC COM 12673P105 1049 38600 SH SOLE 1 38600 0 0
CADBURY SCHWEPPES PLC ADR 127209302 196 4908 SH SOLE 1 1200 0 3708
CADENCE DESIGN SYSTEMS 127387108 147 7983 SH SOLE 1 181 0 7802
INC
CALIFORNIA PIZZA COM 13054D109 21 675 SH SOLE 1 0 0 675
KITCHEN INC
CANADIAN PAC RAILWAY 13645T100 105 2111 SH SOLE 1 0 0 2111
CANON INC ADR REPSTG 138006309 305 4632 SH SOLE 1 0 0 4632
5 SHRS
CAPITAL ONE FINL CORP COM 14040H105 1170 14537 SH SOLE 1 14537 0 0
CAREMARK RX INC 141705103 156 3177 SH SOLE 1 0 0 3177
CARNIVAL CORP 143658300 239 5059 SH SOLE 1 212 0 4847
CARTERS INC 146229109 63 945 SH SOLE 1 0 0 945
CELADON GROUP INC 150838100 35 1627 SH SOLE 1 0 0 1627
CENDANT CORP COM 151313103 491 28352 SH SOLE 1 871 0 27481
CENTERPOINT ENERGY INC 15189T107 14 1224 SH SOLE 1 724 0 500
CENTURY ALUMINUM CO 156431108 64 1530 SH SOLE 1 205 0 1325
CENTURYTEL INC 156700106 39 1000 SH SOLE 1 1000 0 0
CHEESECAKE FACTORY 163072101 40 1075 SH SOLE 1 0 0 1075
CHESAPEAKE ENERGY CORP 165167107 105 3358 SH SOLE 1 0 0 3358
4
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
CHEVRON CORPORATION 166764100 1489 25700 SH SOLE 1 14302 0 11398
CHEVRON CORPORATION 166764100 127 2200 SH DEFINED 1 2200 0 0
CHICO'S FAS INC 168615102 66 1633 SH SOLE 1 0 0 1633
CIENA CORP 171779101 122 23515 SH SOLE 1 0 0 23515
CINERGY 172474108 3 75 SH SOLE 1 75 0 0
CISCO SYS INC 17275R102 1084 50069 SH SOLE 1 32603 0 17466
CITIGROUP INC 172967101 689 14611 SH SOLE 1 13084 0 1527
CITIGROUP INC 172967101 345 7307 SH DEFINED 1 7307 0 0
CITIZENS 17453B101 55 4194 SH SOLE 1 0 0 4194
COMMUNICATIONS CO
CITIZENS HOLDING 174715102 3818 158987 SH SOLE 1 158987 0 0
COMPANY
COACH INC 189754104 136 3942 SH SOLE 1 0 0 3942
COCA COLA CO 191216100 868 20745 SH SOLE 1 17770 0 2975
COCA COLA CO 191216100 235 5625 SH DEFINED 1 5225 0 400
COCA COLA ENTERPRISES COM 191219104 40 2000 SH SOLE 1 2000 0 0
INC
COGNIZANT TECHNOLOGY 192446102 110 1858 SH SOLE 1 0 0 1858
SOL
COHERENT INC 192479103 22 640 SH SOLE 1 0 0 640
COLGATE-PALMOLIVE CO 194162103 194 3407 SH SOLE 1 3407 0 0
COLONIAL PPTYS TR COM SH BEN 195872106 1 26 SH SOLE 1 0 0 26
INT
COMCAST CORP NEW CL A 20030N101 7 272 SH SOLE 1 272 0 0
COM
COMCAST CORP NEW CL A 20030N101 10 401 SH DEFINED 1 0 401 0
COM
COMERICA INC 200340107 1 30 SH SOLE 1 0 0 30
COMMERCE BANCORP INC NJ COM 200519106 87 2391 SH SOLE 1 0 0 2391
COMPUTER SCIENCES COMMON 205363104 5 99 SH DEFINED 1 0 0 99
CORPORATION
COMSTOCK HOMEBUILDING 205684103 10 935 SH SOLE 1 0 0 935
COS
COMTECH COM NEW 205826209 22 765 SH SOLE 1 0 0 765
TELECOMMUNICATIONS C
CONAGRA FOODS INC COM 205887102 401 18713 SH SOLE 1 551 0 18162
CONEXANT SYS INC COM 207142100 0 176 SH SOLE 1 176 0 0
CONNETICS CORPORATION 208192104 26 1590 SH SOLE 1 0 0 1590
CONN'S INC 208242107 35 1045 SH SOLE 1 0 0 1045
CONN'S INC 208242107 27 800 SH DEFINED 1 800 0 0
CONOCO PHILLIPS 20825C104 701 11101 SH SOLE 1 10572 0 529
CONSECO INC NEW 208464883 264 10659 SH SOLE 1 1033 0 9626
CONSOL ENERGY INC COM 20854P109 105 1425 SH SOLE 1 0 0 1425
CONSOLIDATED EDISON COM 209115104 1 34 SH SOLE 1 0 0 34
INC
CONSOLIDATED GRAPHICS 209341106 46 900 SH SOLE 1 115 0 785
INC
COOPER TIRE & RUBBER CO 216831107 228 15953 SH SOLE 1 15578 0 375
COOPER TIRE & RUBBER CO 216831107 1 100 SH DEFINED 1 100 0 0
CORN PRODUCTS 219023108 66 2265 SH SOLE 1 305 0 1960
INTERNATIONAL INC
COSI INC COM 22122P101 22 2045 SH SOLE 1 0 0 2045
COSTCO WHOLESALE CORP 22160K105 413 7641 SH SOLE 1 795 0 6846
CREDIT SUISSE GROUP ADR 225401108 248 4455 SH SOLE 1 108 0 4347
CROWN CASTLE INTL CORP COM 228227104 141 5008 SH SOLE 1 0 0 5008
CYBERSOURCE CORP COM 23251J106 34 3135 SH SOLE 1 0 0 3135
CYTEC INDS INC COM 232820100 30 500 SH SOLE 1 65 0 435
DNP SELECT INCOME FD 23325P104 11 1100 SH SOLE 1 1100 0 0
INC
DRS TECHNOLOGIES INC 23330X100 52 956 SH SOLE 1 134 0 822
DTE ENERGY CO 233331107 10 270 SH SOLE 1 0 0 270
DANAHER CORP DEL COM 235851102 76 1199 SH SOLE 1 0 0 1199
DEALERTRACK HLDGS INC COM 242309102 11 545 SH SOLE 1 0 0 545
DEERE & CO 244199105 149 1895 SH SOLE 1 1895 0 0
DELL INC 24702R101 862 28983 SH SOLE 1 19630 0 9353
DELTIC TIMBER INC 247850100 424 7000 SH SOLE 1 7000 0 0
DELTIC TIMBER INC 247850100 38483 635043 SH DEFINED 1 0 635043 0
DELUXE CORP 248019101 7 285 SH SOLE 1 0 0 285
DIAGEO P L C SPON ADR 25243Q205 251 3963 SH SOLE 1 92 0 3871
NEW
DIAMONDS TRUST FUND 252787106 11 100 SH SOLE 1 100 0 0
DIODES INC COM 254543101 30 745 SH SOLE 1 0 0 745
DIRECTTV GROUP INC 25459L106 336 20521 SH SOLE 1 377 0 20144
WALT DISNEY CO 254687106 522 18754 SH SOLE 1 15585 0 3169
DOLLAR THRIFTY AUTO 256743105 72 1586 SH SOLE 1 213 0 1373
GROUP INC
DONNELLEY RR & SONS 257867101 3 115 SH SOLE 1 0 0 115
DOW CHEMICAL CO 260543103 10 255 SH SOLE 1 0 0 255
DREYFUS STRATEGIC 261932107 0 9 SOLE 1 9 0 0
MUNICIPALS INC
DU PONT EI D NEMOURS & 263534109 149 3540 SH SOLE 1 3540 0 0
CO
DUKE ENERGY CORP COM 264399106 64 2200 SH SOLE 1 2200 0 0
DUKE REALTY CORP 264411505 15 405 SH SOLE 1 0 0 405
DYCOM INDUSTRIES INC 267475101 41 1955 SH SOLE 1 200 0 1755
DYNEGY INC 26816Q101 65 13690 SH SOLE 1 0 0 13690
EMC CORP 268648102 17 1300 SH SOLE 1 1300 0 0
EMC CORP 268648102 40 2950 SH DEFINED 1 2950 0 0
ENI S P A SPONSORED 26874R108 201 3529 SH SOLE 1 0 0 3529
ADR
5
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
EASTERN AMERICAN 276217106 13 500 SH SOLE 1 500 0 0
NATURAL GAS TR SPERS
RCT
EASTGROUP PROPERTIES 277276101 2 60 SH SOLE 1 60 0 0
INC
EATON CORP COM 278058102 573 7860 SH SOLE 1 173 0 7687
EBAY INC 278642103 446 11437 SH SOLE 1 881 0 10556
EDO CORP COM 281347104 51 1659 SH SOLE 1 225 0 1434
EDWARDS LIFESCIENCES 28176E108 10 240 SH SOLE 1 240 0 0
CORP
EL PASO CORPORATION 28336L109 63 5303 SH SOLE 1 166 0 5137
ELDORADO GOLD CORP NEW COM 284902103 73 15493 SH SOLE 1 0 0 15493
ELECTRONIC ARTS INC 285512109 784 14328 SH SOLE 1 822 0 13506
EMERSON ELECTRIC CO 291011104 117 1400 SH SOLE 1 1400 0 0
ENBRIDGE ENERGY 29250R106 21 500 SH SOLE 1 500 0 0
PARTNERS LP
ENCANA CORP-CAD 292505104 97 2092 SH SOLE 1 0 0 2092
ENCORE WIRE CORP COM 292562105 1082 31948 SH SOLE 1 8198 0 23750
ENTERGY CORP 29364G103 319 4638 SH SOLE 1 2263 0 2375
ENTERGY CORP 29364G103 40 593 SH DEFINED 1 593 0 0
EQUITY INNS INC 294703103 22 1370 SH SOLE 1 0 0 1370
EQUITY INNS INC 294703103 24 1500 SH DEFINED 1 1500 0 0
ERICSSON (LM) TELE CO ADR (NEW) 294821608 3 90 SH SOLE 1 90 0 0
ESCO TECHNOLOGIES INC 296315104 22 450 SH SOLE 1 0 0 450
ESSEX CORP 296744105 26 1210 SH SOLE 1 0 0 1210
ESTERLINE TECHNOLOGIES 297425100 59 1390 SH SOLE 1 190 0 1200
CORP
EXCEL TECHNOLOGY INC COM 30067T103 9 335 SH SOLE 1 0 0 335
EXELON CORP 30161N101 31 600 SH DEFINED 1 600 0 0
EXPEDITORS INTL WASH COM 302130109 554 6422 SH SOLE 1 669 0 5753
INC
EXXON MOBIL CORP 30231G102 6619 108774 SH SOLE 1 103445 0 5329
EXXON MOBIL CORP 30231G102 1555 25558 SH DEFINED 1 16158 8600 800
FPL GROUP INC 302571104 12 301 SH SOLE 1 0 0 301
FAIRCHILD 303726103 53 2816 SH SOLE 1 0 0 2816
SEMICONDUCTRINTL INC
FED HMN LN MTG CORP COM 313400301 12 205 SH SOLE 1 0 0 205
VOTING
FEDERATED DEPT STORES 31410H101 97 1335 SH SOLE 1 0 0 1335
INC
FEDERATED INVS INC PA CL B 314211103 55 1426 SH SOLE 1 0 0 1426
FEDEX CORPORATION 31428X106 129 1150 SH SOLE 1 100 0 1050
F5 NETWORKS INC COM 315616102 24 344 SH SOLE 1 48 0 296
FINANCIAL FED CORP COM 317492106 44 1514 SH SOLE 1 216 0 1298
FIRST DATA CORP COM 319963104 730 15607 SH SOLE 1 487 0 15120
FIRST HORIZON NATIONAL 320517105 15 364 SH SOLE 1 277 0 87
FIRSTMERIT CORP 337915102 194 7884 SH SOLE 1 7884 0 0
FIRST ENERGY CORP COMMON 337932107 195 4000 SH SOLE 1 4000 0 0
FOOT LOCKER INC COM 344849104 54 2304 SH SOLE 1 0 0 2304
FORD MOTOR COMPANY COMMON 345370860 9 1160 SH SOLE 1 660 0 500
FREESCALE SEMICONDUCTOR 35687M206 1 51 SH SOLE 1 51 0 0
FREESCALE SEMICONDUCTOR 35687M206 0 33 SH DEFINED 1 33 0 0
FUJI PHOTO NEW ADR 359586302 238 7150 SH SOLE 1 0 0 7150
GAMESTOP CORP 36467W109 66 1411 SH SOLE 1 0 0 1411
GAP INC DEL COM 364760108 4 254 SH SOLE 1 0 0 254
GARDNER DENVER 365558105 34 535 SH SOLE 1 0 0 535
GAYLORD ENTMT CO NEW COM 367905106 99 2191 SH SOLE 1 0 0 2191
GENENTECH INC 368710406 215 2555 SH SOLE 1 0 0 2555
GENERAL ELECTRIC CO 369604103 2042 58755 SH SOLE 1 53282 0 5473
GENERAL ELECTRIC CO 369604103 27 800 SH DEFINED 1 800 0 0
GEN MTR CORP 370442105 3 150 SH SOLE 1 150 0 0
GENESEE & WYOMING CLASS A 371559105 65 2127 SH SOLE 1 251 0 1876
GENLYTE GROUP INC 372302109 23 350 SH SOLE 1 0 0 350
GETTY IMAGES INC 374276103 27 368 SH SOLE 1 0 0 368
GIBRALTAR INDUSTRIES 374689107 64 2202 SH SOLE 1 302 0 1900
INC
GILEAD SCIENCES INC 375558103 96 1549 SH SOLE 1 0 0 1549
GLAXOSMITHKLINE PLC ADR 37733W105 387 7413 SH SOLE 1 177 0 7236
GMX RESOURCES INC 38011M108 18 490 SH SOLE 1 65 0 425
GOLDMAN SACHS GROUP 38141G104 100 643 SH SOLE 1 295 0 348
GOOGLE INC 38259P508 246 631 SH SOLE 1 0 0 631
GRANITE CONSTR INC COM 387328107 29 610 SH SOLE 1 0 0 610
GUIDANT CORP COM 401698105 93 1200 SH SOLE 1 1200 0 0
GULFPORT ENERGY CORP COM NEW 402635304 10 663 SH SOLE 1 118 0 545
HCA INC. 404119109 226 4937 SH SOLE 1 291 0 4646
HCC INSURANCE HOLDINGS 404132102 33 951 SH SOLE 1 242 0 709
INC
HMS HLDGS CORP COM 40425J101 10 1210 SH SOLE 1 0 0 1210
HSBC HLDGS PLC SPONSORED 404280406 169 2028 SH SOLE 1 0 0 2028
ADR
HAEMONETICS CORP 405024100 22 435 SH SOLE 1 0 0 435
HALLIBURTON CO COM 406216101 485 6654 SH SOLE 1 3978 0 2676
HANCOCK FABRICS 409900107 5 1600 SH SOLE 1 1600 0 0
JOHN HANCOCK PFD INC II 41013X106 9 400 SH SOLE 1 400 0 0
JOHN HANCOCK PREFERRED 41021P103 2 130 SH SOLE 1 130 0 0
INCOME FUND III
HARRAHS ENTERTAINMENT 413619107 117 1511 SH SOLE 1 0 0 1511
INC
HARRIS CORP 413875105 132 2800 SH SOLE 1 2800 0 0
HARTFORD FNCL SV GRP COM 416515104 16 199 SH SOLE 1 0 0 199
INC
HAWAIIAN ELEC INDS INC 419870100 30 1130 SH DEFINED 1 1130 0 0
HEALTH CARE SERVICES 421906108 50 2370 SH SOLE 1 320 0 2050
6
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
GROUP INC
HEALTHCARE REALTY TR 421946104 59 1585 SH SOLE 1 215 0 1370
HEADWATERS INC 42210P102 24 615 SH SOLE 1 0 0 615
HEALTH CARE REIT INC 42217K106 1 32 SH SOLE 1 0 0 32
HEINZ H J CO COM 423074103 13 367 SH SOLE 1 273 0 94
HERCULES OFFSHORE INC COM 427093109 14 430 SH SOLE 1 0 0 430
HEWLETT PACKARD CO 428236103 77 2356 SH SOLE 1 2040 0 316
HIGH INCOME 42967Q105 15 2500 SH SOLE 1 2500 0 0
OPPORTUNITY FD
HIGHLAND HOSPITALITY 430141101 44 3508 SH SOLE 1 478 0 3030
CORP
HILB ROGAL & HOBBS 431294107 28 698 SH SOLE 1 177 0 521
COMPANY
HILTON HOTELS CORP 432848109 107 4239 SH SOLE 1 0 0 4239
HOLLYWOOD MEDIA CORP 436233100 12 2485 SH SOLE 1 0 0 2485
HOLOGIC INC COM 436440101 26 485 SH SOLE 1 0 0 485
HOME DEPOT 437076102 1175 27786 SH SOLE 1 20923 0 6863
HOME DEPOT 437076102 64 1532 SH DEFINED 1 1532 0 0
HOSPITALITY PROPERTIES 44106M102 2 52 SH SOLE 1 0 0 52
HOSPIRA INC 441060100 17 450 SH DEFINED 1 50 400 0
HOST MARRIOTT CORP NEW COM 44107P104 103 4846 SH SOLE 1 0 0 4846
HUBBELL INC CL B 443510201 51 1000 SH SOLE 1 0 0 1000
JB HUNT TRANSPORT SVC 445658107 75 3518 SH SOLE 1 0 0 3518
INC
I D SYSTEMS INC COM 449489103 28 1155 SH SOLE 1 0 0 1155
ING PRIME RATE TR SH 44977W106 48 6907 SH SOLE 1 6907 0 0
BEN INT
ILLINOIS TOOL WORKS INC 452308109 212 2210 SH SOLE 1 205 0 2005
INFINEON TECH AG 45662N103 496 48274 SH SOLE 1 1504 0 46770
ING GROEP N V 456837103 385 9776 SH SOLE 1 360 0 9416
INTEL CORP CAP 458140100 764 39292 SH SOLE 1 28257 0 11035
INTEL CORP CAP 458140100 54 2800 SH DEFINED 1 2800 0 0
IBM CORP 459200101 709 8603 SH SOLE 1 6115 0 2488
IBM CORP 459200101 37 450 SH DEFINED 1 450 0 0
INTERNATIONAL 459412102 31 4740 SH SOLE 1 360 0 4380
DISPLAYWORKS
INTERNATIONAL GAME TECH 459902102 107 3053 SH SOLE 1 0 0 3053
INTL PAPER CO 460146103 10 300 SH SOLE 1 300 0 0
INTL PAPER CO 460146103 31 900 SH DEFINED 1 0 900 0
INTERNATIONAL SPEEDWAY CL A 460335201 83 1641 SH SOLE 1 0 0 1641
CORP
INVACARE CORP COM 461203101 43 1405 SH SOLE 1 195 0 1210
IXYS CORP 46600W106 18 2030 SH SOLE 1 0 0 2030
JLG INDUSTRIES INC 466210101 27 900 SH SOLE 1 0 0 900
JPMORGAN CHASE & CO COM 46625H100 655 15742 SH SOLE 1 14961 0 781
JPMORGAN CHASE & CO COM 46625H100 143 3456 SH DEFINED 1 1500 1956 0
J2 GLOBAL COM NEW 46626E205 23 500 SH SOLE 1 0 0 500
COMMUNICATIONS INC
JACUZZI BRANDS INC 469865109 72 7410 SH SOLE 1 980 0 6430
JOHNSON & JOHNSON 478160104 2430 41045 SH SOLE 1 35400 0 5645
JOHNSON & JOHNSON 478160104 481 8125 SH DEFINED 1 5800 1200 1125
JOHNSON CONTROLS INC 478366107 56 740 SH SOLE 1 600 0 140
JONES APPAREL GROUP INC 480074103 338 9575 SH SOLE 1 304 0 9271
JONES LANG LASALLE INC COM 48020Q107 26 340 SH SOLE 1 0 0 340
KT CORP SPONSORED 48268K101 136 6392 SH SOLE 1 0 0 6392
ADR
K2 INC 482732104 41 3304 SH SOLE 1 455 0 2849
KEYCORP NEW 493267108 75 2046 SH SOLE 1 1100 0 946
KEYSPAN CORP COM 49337W100 15 390 SH SOLE 1 0 0 390
KIMBERLY-CLARK CORP 494368103 11 195 SH SOLE 1 0 0 195
KIMBERLY-CLARK CORP 494368103 14 250 SH DEFINED 1 250 0 0
KINDER MORGAN 494550106 40 832 SH SOLE 1 832 0 0
ENERGYPARTNERS L.P
KONINKLIJKE PHLPS ADR NEW 500472303 108 3222 SH SOLE 1 0 0 3222
ELECTRS N V SP
KOREA ELECTRIC POWER ADR 500631106 111 5166 SH SOLE 1 0 0 5166
LTX CORP 502392103 17 3320 SH SOLE 1 0 0 3320
L 3 COMMUNICATIONS 502424104 137 1606 SH SOLE 1 0 0 1606
LABORATORY CORP AMER COM NEW 50540R409 92 1582 SH SOLE 1 0 0 1582
HLDGS
LANDSTAR SYSTEM INC 515098101 44 1015 SH SOLE 1 137 0 878
ESTEE LAUDER CO 518439104 22 600 SH DEFINED 1 600 0 0
LEGG MASON INC 524901105 119 950 SH SOLE 1 0 0 950
LEVEL 3 COMMUNICATIONS 52729N100 24 4685 SH SOLE 1 4685 0 0
INC
ELI LILLY & CO 532457108 165 3000 SH SOLE 1 3000 0 0
ELI LILLY & CO 532457108 71 1300 SH DEFINED 1 1300 0 0
LIMITED BRANDS INC 532716107 258 10589 SH SOLE 1 584 0 10005
LINCOLN NATIONAL CORP 534187109 14 265 SH SOLE 1 0 0 265
IND
LIQUIDITY SERVICES INC COM 53635B107 18 1500 SH SOLE 1 0 0 1500
LLOYDS TSB GROUP PLC ADR 539439109 535 13928 SH SOLE 1 471 0 13457
LOCKHEED MARTIN CORP 539830109 373 4975 SH SOLE 1 4975 0 0
LOWES CO INC 548661107 755 11717 SH SOLE 1 4685 0 7032
LUCENT TECHNOLOGIES 549463107 11 3638 SH SOLE 1 2588 0 1050
LYONDELL CHEMICAL CO 552078107 10 520 SH SOLE 1 0 0 520
M & T BANK CORP 55261F104 228 2000 SH SOLE 1 2000 0 0
MBIA INC 55262C100 468 7789 SH SOLE 1 229 0 7560
MB FINANCIAL INC NEW 55264U108 43 1240 SH SOLE 1 175 0 1065
MFA MTG INVTS INC COM 55272X102 35 5649 SH SOLE 1 759 0 4890
MANULIFE FINANCIAL CORP 56501R106 1988 31686 SH SOLE 1 31686 0 0
MAPINFO CORP 565105103 11 850 SH SOLE 1 0 0 850
MARATHON OIL CORP 565849106 28 375 SH SOLE 1 0 0 375
7
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
MARRIOTT INTL INC NEW CL A 571903202 134 1961 SH SOLE 1 0 0 1961
MARTEN TRANSPORT LTD 573075108 29 1655 SH SOLE 1 0 0 1655
MASCO CORPORATION 574599106 13 430 SH SOLE 1 0 0 430
MASSEY ENERGY CORP 576206106 47 1312 SH SOLE 1 0 0 1312
MATRIXX INITIATIVES INC 57685L105 16 715 SH SOLE 1 0 0 715
MATTELL INC 577081102 15 835 SH SOLE 1 0 0 835
MAXIM INTEGRATED 57772K101 337 9095 SH SOLE 1 686 0 8409
PRODUCTS INC
MCCORMICK & SCHMICKS 579793100 12 500 SH SOLE 1 0 0 500
SEAFOOD
MCDERMOTT INTL INC COM 580037109 53 975 SH SOLE 1 0 0 975
MCDONALD'S CORP 580135101 458 13333 SH SOLE 1 13147 0 186
MCGRATH RENTCORP 580589109 56 1890 SH SOLE 1 255 0 1635
MCKESSON CORP 58155Q103 375 7197 SH SOLE 1 5795 0 1402
MEADWESTVACO CORP 583334107 116 4274 SH SOLE 1 1547 0 2727
MEDCO HEALTH SOLUTIONS 58405U102 20 361 SH SOLE 1 361 0 0
INC
MEDICAL ACTION 58449L100 1 50 SH SOLE 1 50 0 0
INDUSTRIES INC
MEDTRONIC INC COM 585055106 105 2087 SH SOLE 1 800 0 1287
MELLON FINL CORP 58551A108 43 1214 SH SOLE 1 800 0 414
MERCK & CO INC 589331107 177 5027 SH SOLE 1 4062 0 965
MERIT MED SYS INC 589889104 13 1140 SH SOLE 1 0 0 1140
MERRILL LYNCH & CO INC 590188108 425 5398 SH SOLE 1 4220 0 1178
MICROS SYSTEMS INC 594901100 20 455 SH SOLE 1 0 0 455
MICROSOFT CORP 594918104 1433 52712 SH SOLE 1 18717 0 33995
MICROCHIP TECH INC 595017104 74 2065 SH SOLE 1 0 0 2065
MICRON TECHNOLOGY 595112103 106 7245 SH SOLE 1 0 0 7245
MICROSEMI CORP 595137100 40 1375 SH SOLE 1 0 0 1375
MID-AMERICA APARTMENT 59522J103 50 920 SH DEFINED 1 920 0 0
CMNTYS
MIDAS GROUP INC 595626102 14 666 SH SOLE 1 666 0 0
MILLER HERMAN INC COM 600544100 19 600 SH SOLE 1 600 0 0
MINDSPEED TECNOLOGIES 602682106 0 58 SH SOLE 1 58 0 0
MIRANT CORP NEW COM 60467R100 71 2848 SH SOLE 1 99 0 2749
MIRANT CORP NEW WT SER 60467R118 3 322 SH SOLE 1 322 0 0
A
MOBILE MINI INC COM 60740F105 27 890 SH SOLE 1 0 0 890
MONEYGRAM 60935Y109 10 348 SH SOLE 1 348 0 0
INTERNATIONAL INC
MONRO MUFFLER BRAKE INC COM 610236101 51 1385 SH SOLE 1 195 0 1190
MONSANTO CO. (NEW) 61166W101 15 187 SH SOLE 1 187 0 0
MOODYS CORP 615369105 627 8783 SH SOLE 1 918 0 7865
MOOG INC CL A 615394202 46 1314 SH SOLE 1 178 0 1136
MORGAN STANLEY DEAN 617446448 710 11305 SH SOLE 1 10743 0 562
WITTER DISCOVER & CO
MORGAN STANLEY DEAN 617446448 16 260 SH DEFINED 1 260 0 0
WITTER DISCOVER & CO
MOTOROLA INC 620076109 29 1299 SH SOLE 1 868 0 431
MOTOROLA INC 620076109 6 300 SH DEFINED 1 300 0 0
MUNICIPAL MORTGAGE & 62624B101 106 4000 SH SOLE 1 4000 0 0
EQUITY LLC -- GROWTH SH
MUNIVEST FD INC COM 626295109 47 5000 SOLE 1 5000 0 0
MUNIYIELD INSURED 62630E107 110 7500 DEFINED 1 7500 0 0
MURPHY OIL CORP COM 626717102 7258 145726 SH SOLE 1 139726 0 6000
MURPHY OIL CORP COM 626717102 462755 9290412 SH DEFINED 1 0 9290412 0
MYLAN LABORATORIES INC 628530107 44 1908 SH SOLE 1 1908 0 0
NBC CAP CORP 628729105 99 4333 SH SOLE 1 4333 0 0
NCI BUILDING SYS INC COM 628852105 28 475 SH SOLE 1 0 0 475
NII HLDGS INC CL B NEW 62913F201 104 1780 SH SOLE 1 0 0 1780
NMS COMMUNICATIONS CORP 629248105 6 1690 SH SOLE 1 0 0 1690
NTL INC NEW COM 62941W101 55 1917 SH SOLE 1 0 0 1917
NASDAQ 100 TRUST 631100104 25 600 SH SOLE 1 600 0 0
NATIONAL AUSTRALIA BK ADR 632525408 200 1488 SH SOLE 1 0 0 1488
LTD
NATIONAL CITY CORP COM 635405103 4 115 SH SOLE 1 0 0 115
NATIONAL OILWELL VARCO 637071101 78 1221 SH SOLE 1 0 0 1221
INC
NAVARRE CORP 639208107 8 2035 SH SOLE 1 0 0 2035
NETGEAR INC COM 64111Q104 12 642 SH SOLE 1 88 0 554
NEUSTAR INC CL A 64126X201 40 1315 SH SOLE 1 0 0 1315
NEWPARK RESOURCES INC 651718504 0 8 SH SOLE 1 8 0 0
NEWS CORP CL B NEW 65248E203 6 359 SH SOLE 1 0 0 359
NIKE INC CLASS B 654106103 55 647 SH SOLE 1 0 0 647
NIPPON TEL & TEL SPON ADR 654624105 149 6949 SH SOLE 1 160 0 6789
NISOURCE INC 65473P105 290 14363 SH SOLE 1 13165 0 1198
NOKIA CORP SPND ADR 654902204 393 19012 SH SOLE 1 0 0 19012
NOMURA HOLDINGS INC ADR 65535H208 294 13293 SH SOLE 1 309 0 12984
NORDSON CORP COM 655663102 70 1415 SH SOLE 1 195 0 1220
NORFOLK SO CORP 655844108 77 1434 SH SOLE 1 1434 0 0
NORTHERN TRUST COMPANY 665859104 93 1780 SH SOLE 1 1780 0 0
NTRS
NORTHERN TRUST COMPANY 665859104 189 3600 SH DEFINED 1 3600 0 0
NTRS
NOVARTIS AG SPONSORED 66987V109 435 7859 SH SOLE 1 158 0 7701
ADR
NOVELL INC 670006105 80 10476 SH SOLE 1 0 0 10476
NOVELLUS SYSTEMS 670008101 102 4281 SH SOLE 1 0 0 4281
NUANCE COMMUNICATIONS 67020Y100 16 1365 SH SOLE 1 0 0 1365
INC.
NUVEEN INSD PREMIUM 6706D8104 4 338 SOLE 1 338 0 0
8
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
INCOME MUNI FD
NUVEEN PREMIUM INCOME 6706K4105 25 2000 DEFINED 1 2000 0 0
MUN FUND 4
NUTRI SYS INC NEW COM 67069D108 26 550 SH SOLE 1 0 0 550
NUVEEN PREMIER INSURED 670987106 14 1000 DEFINED 1 1000 0 0
MUN INCOME FUND INC
NUVEEN PREMIER 670988104 21 1565 SOLE 1 1565 0 0
MUNICIPAL INC
OCCIDENTAL PETE COR DEL 674599105 108 1172 SH SOLE 1 500 0 672
OLIN CORP 680665205 3 166 SH DEFINED 1 166 0 0
OMNICARE INC COM 681904108 77 1414 SH SOLE 1 0 0 1414
OMNIVISION TECHNOLOGIES 682128103 43 1440 SH SOLE 1 0 0 1440
OPENWAVE SYS INC COM NEW 683718308 24 1140 SH SOLE 1 0 0 1140
ORACLE SYSTEMS CORP 68389X105 262 19185 SH SOLE 1 13690 0 5495
ORANGE 685317109 8 2015 SH SOLE 1 0 0 2015
OUTBACK STEAKHOUSE INC COM 689899102 67 1535 SH SOLE 1 0 0 1535
PNC BANK CORP 693475105 2 35 SH SOLE 1 0 0 35
PPG INDUSTRIES INC 693506107 6 106 SH SOLE 1 0 0 106
PACKAGING CORP AMER 695156109 3 141 SH SOLE 1 0 0 141
PACTIV COPR 695257105 22 897 SH SOLE 1 897 0 0
PAR TECHNOLOGY CORP COM 698884103 18 1052 SH SOLE 1 0 0 1052
PATTERSON COMPANIES INC 703395103 354 10082 SH SOLE 1 619 0 9463
PATTERSON UTI ENERGY 703481101 93 2920 SH SOLE 1 0 0 2920
INC
PEABODY ENERGY CORP 704549104 59 1187 SH SOLE 1 0 0 1187
PEDIATRIX MEDICAL 705324101 89 868 SH SOLE 1 120 0 748
GROUP INC
PENN NATL GAMING INC COM 707569109 92 2190 SH SOLE 1 0 0 2190
PEOPLES ENERGY CORP COM 711030106 2 57 SH SOLE 1 0 0 57
PEPSIAMERICAS INC 71343P200 97 4000 SH SOLE 1 4000 0 0
PEPSICO INC COM 713448108 1376 23820 SH SOLE 1 21434 0 2386
PEPSICO INC COM 713448108 88 1530 SH DEFINED 1 430 1100 0
PERFICIENT INC COM 71375U101 19 1645 SH SOLE 1 0 0 1645
PETROCHINA CO LTD 71646E100 20 195 SH SOLE 1 0 0 195
PETROHAWK ENERGY CORP 716495106 38 2835 SH SOLE 1 386 0 2449
PETROBRAS 71654V408 15 180 SH SOLE 1 0 0 180
PETSMART INC 716768106 82 2919 SH SOLE 1 0 0 2919
PFIZER INC 717081103 1419 56979 SH SOLE 1 28620 0 28359
PFIZER INC 717081103 72 2900 SH DEFINED 1 2200 700 0
PIKE ELEC CORP COM 721283109 60 2867 SH SOLE 1 395 0 2472
PIMCO MUNI INCOME FUND 72201A103 19 1333 SOLE 1 1333 0 0
III
PINNACLE WEST CAP CORP 723484101 276 7070 SH SOLE 1 7070 0 0
PLAINS ALL AMERICAN 726503105 22 500 SH SOLE 1 500 0 0
PIPELINE L.P.
POWER-ONE INC 739308104 28 3910 SH SOLE 1 0 0 3910
POWER TECHNOLOGIES 739363109 23 1730 SH SOLE 1 0 0 1730
PRESSTEK INC COM 741113104 29 2515 SH SOLE 1 0 0 2515
PRINCIPAL FINANCIAL 74251V102 27 572 SH SOLE 1 572 0 0
GROUP
PROCTER & GAMBLE CO COM 742718109 1716 29791 SH SOLE 1 25882 0 3909
PROCTER & GAMBLE CO COM 742718109 442 7676 SH DEFINED 1 7676 0 0
PRIVATEBANCORP INC COM 742962103 12 290 SH SOLE 1 40 0 250
PROGRESS SOFTWARE CORP COM 743312100 18 645 SH SOLE 1 0 0 645
PROVIDENCE SYC CORP 743815102 36 1110 SH SOLE 1 0 0 1110
PSYCHIATRIC SOLUTIONS 74439H108 33 1000 SH SOLE 1 0 0 1000
PUBLIC SVC ENTERPRISE 744573106 12 197 SH SOLE 1 0 0 197
GROUP INC
PUTNAM MANAGED 746823103 1 250 SOLE 1 250 0 0
MUNICIPAL INCOME TRUST
QLOGIC CORP COM 747277101 19 1000 SH SOLE 1 1000 0 0
QUALCOMM INC 747525103 186 3681 SH SOLE 1 0 0 3681
QUESTAR CORP COM 748356102 40 574 SH SOLE 1 0 0 574
QUIKSILVER INC COM 74838C106 55 3990 SH SOLE 1 0 0 3990
QWEST COMMUNICATIONS COM 749121109 4 714 SH SOLE 1 714 0 0
INTL INC
RMK HIGH INCOME FUND 74963B105 17 1008 SH SOLE 1 1008 0 0
RAYMOND JAMES 754730109 57 1946 SH SOLE 1 265 0 1681
FINANCIAL CORP
REDWOOD TR INC COM 758075402 30 700 SH SOLE 1 100 0 600
REED ELSEVIER PLC SPON ADR 758205108 241 6304 SH SOLE 1 0 0 6304
REGAL ENTMT GROUP CL A 758766109 98 5224 SH SOLE 1 0 0 5224
REGIS CORPORATION-MN 758932107 51 1505 SH SOLE 1 207 0 1298
REGIONS FINANCIAL CORP NEW 7591EP100 1574 44772 SH SOLE 1 43917 0 855
REGIONS FINANCIAL CORP NEW 7591EP100 77 2205 SH DEFINED 1 0 2205 0
RELIANT ENERGY INC 75952B105 8 784 SH SOLE 1 390 0 394
RELIANT ENERGY INC 75952B105 18 1712 SH DEFINED 1 1712 0 0
RENASANT CORP COM 75970E107 27 750 SH SOLE 1 750 0 0
REPSOL YPF ADR 76026T205 147 5174 SH SOLE 1 0 0 5174
REPUBLIC BANCORP INC 760282103 52 4352 SH SOLE 1 597 0 3755
REYNOLDS & REYNOLDS CO CL A 761695105 44 1573 SH SOLE 1 214 0 1359
REYNOLDS AMERICAN INC 761713106 17 165 SH SOLE 1 0 0 165
ROCKWELL AUTOMATION INC 773903109 106 1486 SH SOLE 1 177 0 1309
ROCKWELL COLLINS INC 774341101 9 177 SH SOLE 1 177 0 0
ROWAN COMPANIES INC 779382100 74 1696 SH SOLE 1 0 0 1696
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 214 3286 SH SOLE 1 41 0 3245
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 101 1551 SH DEFINED 1 1551 0 0
9
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
ROYAL DUTCH SHELL PLC 780259206 199 3200 SH DEFINED 1 3200 0 0
RUBIO'S RESTAURANTS INC 78116B102 11 1240 SH SOLE 1 0 0 1240
RUBY TUESDAY INC 781182100 20 630 SH DEFINED 1 0 0 630
RUDOLPH TECHNOLOGIES COM 781270103 8 494 SH SOLE 1 0 0 494
INC
RUSH ENTERPRISES INC 781846209 32 1850 SH SOLE 1 0 0 1850
SLM CORP COMMON 78442P106 70 1353 SH SOLE 1 0 0 1353
SVB FINL GROUP COM 78486Q101 26 495 SH SOLE 1 0 0 495
ST JUDE MEDICAL 790849103 47 1152 SH SOLE 1 0 0 1152
ST PAUL TRAVELERS 792860108 199 4782 SH SOLE 1 252 0 4530
CO.'S INC
SANOFI-AVENTIS ADR 80105N105 557 11756 SH SOLE 1 320 0 11436
SAP AKTIENGESELLSCHAFT SPNSD ADRS 803054204 66 1229 SH SOLE 1 0 0 1229
SCANA CORP NEW 80589M102 8 222 SH SOLE 1 222 0 0
SCHERING PLOUGH CORP COM 806605101 269 14184 SH SOLE 1 14184 0 0
SCHLUMBERGER LTD COM 806857108 246 1948 SH SOLE 1 1140 0 808
THE CHARLES SCHWAB CORP 808513105 55 3207 SH SOLE 1 0 0 3207
SCRIPPS EW INC NEW CL A 811054204 26 600 SH SOLE 1 600 0 0
SELECT COMFORT CORP 81616X103 21 545 SH SOLE 1 0 0 545
SEMPRA ENERGY COM 816851109 14 310 SH SOLE 1 0 0 310
SEROLOGICALS CORP 817523103 47 1950 SH SOLE 1 265 0 1685
SERVICEMASTER COMPANY COM 81760N109 79 6023 SH SOLE 1 6023 0 0
SIGNATURE BK NEW YORK COM 82669G104 14 460 SH SOLE 1 0 0 460
N Y
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 392 13200 SH SOLE 1 13200 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 14 500 SH DEFINED 1 500 0 0
SKYWORKS SOLUTIONS 83088M102 1 166 SH SOLE 1 166 0 0
SMUCKER J M CO 832696405 0 3 SH SOLE 1 3 0 0
SONIC CORP COM 835451105 41 1185 SH SOLE 1 160 0 1025
SONY CORP 835699307 241 5248 SH SOLE 1 0 0 5248
SONY CORP 835699307 46 1000 SH DEFINED 1 1000 0 0
SOTHEBYS HLDGS INC CL A 835898107 51 1765 SH SOLE 1 0 0 1765
SOUTHERN CO COM 842587107 259 7930 SH SOLE 1 7873 0 57
SOUTHERN CO COM 842587107 145 4426 SH DEFINED 1 4426 0 0
SOUTHWESTERN ENERGY CO 845467109 43 1353 SH SOLE 1 183 0 1170
SPRINT NEXTEL CORP COM 852061100 1362 52725 SH SOLE 1 52725 0 0
STANDARD MICROSYSTEMS COM 853626109 16 640 SH SOLE 1 0 0 640
CORP
STANLEY WORKS 854616109 14 290 SH SOLE 1 0 0 290
STAPLES INCORPORATED 855030102 114 4501 SH SOLE 1 0 0 4501
(RETAIL & DELIVERY)
STARBUCKS CORP 855244109 417 11090 SH SOLE 1 1151 0 9939
STATOIL ASA SPON ADR 85771P102 181 6368 SH SOLE 1 0 0 6368
STORA ENSO OYJ ADR 86210M106 170 11080 SH SOLE 1 0 0 11080
STRATASYS INC 862685104 23 810 SH SOLE 1 0 0 810
STRAYED ED INC COM 863236105 47 464 SH SOLE 1 64 0 400
SUNCOR ENERGY INC 867229106 58 762 SH SOLE 1 0 0 762
SUNRISE SENIOR LIVING COM 86768K106 22 570 SH SOLE 1 0 0 570
INC
SUNTRUST BANKS INC COM 867914103 38 530 SH SOLE 1 530 0 0
SUPERIOR ENERGY 868157108 20 775 SH SOLE 1 0 0 775
SERVICES INC
SYNAPTICS INC 87157D109 20 938 SH SOLE 1 125 0 813
SYSCO CORP 871829107 27 863 SH SOLE 1 863 0 0
TEPPCO PARTNERS LP 872384102 49 1700 SH SOLE 1 1700 0 0
TNT N V SPONSORED 87260W101 296 8575 SH SOLE 1 0 0 8575
ADR
TXU CORP 873168108 134 3000 SH SOLE 1 0 0 3000
TAIWAN SEMICONDUCTOR ADR'S 874039100 69 6933 SH SOLE 1 0 0 6933
MFG CO LTD
TARGET CORP 87612E106 350 6744 SH SOLE 1 1008 0 5736
TARGET CORP 87612E106 20 400 SH DEFINED 1 400 0 0
TEAM INC 878155100 22 690 SH SOLE 1 160 0 530
TEKELEC COM 879101103 35 2577 SH SOLE 1 349 0 2228
TELECOM CORP OF NEW 879278208 3 111 SH SOLE 1 0 0 111
ZEALAND
TELEFONOS DE MEXICO SA SPONS ADR 879403780 100 4483 SH SOLE 1 0 0 4483
DE CV
TELLABS INC DELAWARE 879664100 3 200 SH DEFINED 1 200 0 0
TEMPLE INLAND INC COM 879868107 80 1800 SH SOLE 1 1800 0 0
TERRA INDUSTRIES INC 880915103 0 15 SH SOLE 1 15 0 0
TEVA PHARMACEUTICAL IND ADR'S 881624209 484 11767 SH SOLE 1 1025 0 10742
TESSERA TECHNOLOGIES 88164L100 12 400 SH SOLE 1 0 0 400
INC
TEXAS INSTRUMENTS 882508104 200 6163 SH SOLE 1 1410 0 4753
THORNBURG MORTGAGE INC 885218107 13 500 SH SOLE 1 500 0 0
3M CO 88579Y101 537 7101 SH SOLE 1 6101 0 1000
TIDEWATER INC 886423102 16 300 SH SOLE 1 0 0 300
TIFFANY & CO NEW 886547108 82 2200 SH SOLE 1 2200 0 0
TIME WARNER INC 887317105 253 15100 SH SOLE 1 15100 0 0
TOTAL FINA ELF S.A. ADR 89151E109 199 1515 SH SOLE 1 34 0 1481
TOYOTA MOTOR CORP ADR NEW 892331307 190 1752 SH SOLE 1 40 0 1712
TRADESTATION GROUP INC 89267P105 10 765 SH SOLE 1 0 0 765
TRANSACTION SYS COM 893416107 51 1665 SH SOLE 1 0 0 1665
ARCHITECTS
TRIAD HOSPS INC 89579K109 22 548 SH SOLE 1 130 0 418
TRIARC COMPANIES "B" 895927309 59 3420 SH SOLE 1 470 0 2950
SR1
10
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
TRIBUNE COMPANY 896047107 32 1200 SH SOLE 1 1200 0 0
TRINITY INDS INC COM 896522109 60 1109 SH SOLE 1 0 0 1109
TRUE RELIGION APPAREL COM 89784N104 19 1045 SH SOLE 1 0 0 1045
INC
TRUSTMARK CORP COM 898402102 495 15659 SH SOLE 1 15659 0 0
TYCO INTL LTD NEW COM 902124106 9 351 SH SOLE 1 0 0 351
TYLER TECHNOLOGIES INC COM 902252105 32 2950 SH SOLE 1 400 0 2550
TYSON FOODS INC CL A 902494103 348 25342 SH SOLE 1 721 0 24621
UCBH HOLDINGS INC 90262T308 55 2941 SH SOLE 1 399 0 2542
USA TRUCK INC 902925106 775 31498 SH SOLE 1 31498 0 0
-RESTRICTED
US BANCORP DEL NEW 902973304 332 10897 SH SOLE 1 462 0 10435
US CONCRETE INC 90333L102 28 1980 SH SOLE 1 270 0 1710
U S HOME SYS INC 90335C100 9 1070 SH SOLE 1 0 0 1070
U S AIRWAYS GROUP INC COM 90341W108 114 2856 SH SOLE 1 0 0 2856
ULTRA PETROLEUM 903914109 75 1204 SH SOLE 1 0 0 1204
CORP-CAD
UNION PACIFIC CORP 907818108 18 200 SH SOLE 1 200 0 0
UNION PACIFIC CORP 907818108 354 3800 SH DEFINED 1 0 3800 0
UNITED AUTO GROUP 909440109 45 1067 SH SOLE 1 146 0 921
UNITED TECHNOLOGIES 913017109 78 1357 SH SOLE 1 0 0 1357
CORP
UNITED UTILITIES PLC SP 91311Q105 2 111 SH SOLE 1 0 0 111
UNITED HEALTHCARE CORP 91324P102 139 2506 SH SOLE 1 0 0 2506
UNITED COMPRESSION 913431102 116 2301 SH SOLE 1 317 0 1984
HOLDINGS
UNIVERSAL TRUCKLOAD 91388P105 28 1145 SH SOLE 1 0 0 1145
SVCS INC
UNIVERSAL HEALTH CL B 913903100 81 1610 SH SOLE 1 0 0 1610
SERVICES INC
UPM KYMMENE CORP SPN ADR 915436109 173 7352 SH SOLE 1 0 0 7352
URBAN OUTFITTERS INC COM 917047102 46 1895 SH SOLE 1 0 0 1895
VF CORPORATION 918204108 12 215 SH SOLE 1 0 0 215
VALUECLICK INC COM 92046N102 16 975 SH SOLE 1 0 0 975
VARIAN MEDICAL SYSTEMS 92220P105 428 7623 SH SOLE 1 618 0 7005
VARIAN SEMICONDUCTOR 922207105 28 1015 SH SOLE 1 0 0 1015
EQUIP
VERIZON COMMUNICATIONS 92343V104 1052 30909 SH SOLE 1 24756 0 6153
VERIZON COMMUNICATIONS 92343V104 85 2517 SH DEFINED 1 1719 798 0
VIAD CORPORATION 92552R406 2 87 SH SOLE 1 87 0 0
VIACOM INC NEW CL B 92553P201 230 5953 SH SOLE 1 5839 0 114
VIGNETTE CORP COM NEW 926734401 22 1545 SH SOLE 1 215 0 1330
VISTEON CORP 92839U107 0 10 SH SOLE 1 10 0 0
VITRAN CORP 92850E107 21 1095 SH SOLE 1 0 0 1095
VODAFONE GROUP PLC NEW 92857W100 655 31381 SH SOLE 1 3351 0 28030
VODAFONE GROUP PLC NEW 92857W100 11 565 SH DEFINED 1 0 565 0
W H ENERGY SERVICES 92925E108 31 705 SH SOLE 1 0 0 705
WPP GROUP PLC SPON ADR 929309409 473 7883 SH SOLE 1 260 0 7623
0905
WACHOVIA CORP 2ND NEW 929903102 509 9083 SH SOLE 1 8739 0 344
WACHOVIA CORP 2ND NEW 929903102 28 500 SH DEFINED 1 500 0 0
WAL MART STORES INC COM 931142103 1639 34702 SH SOLE 1 33202 0 1500
WAL MART STORES INC COM 931142103 190 4036 SH DEFINED 1 1036 3000 0
WALGREEN CO COM 931422109 504 11692 SH SOLE 1 2383 0 9309
WALTER INDS INC 93317Q105 55 834 SH SOLE 1 0 0 834
WASHINGTON MUTUAL INC 939322103 470 11046 SH SOLE 1 290 0 10756
WASTE CONNECTIONS INC 941053100 81 2051 SH SOLE 1 281 0 1770
WASTE MANAGEMENT INC NEW 94106L109 123 3496 SH SOLE 1 3240 0 256
WATSCO INC 942622200 82 1155 SH SOLE 1 155 0 1000
WEBEX COMMUNICATIONS COM 94767L109 36 1085 SH SOLE 1 0 0 1085
INC
WELLPOINT INC COM 94973V107 48 621 SH SOLE 1 0 0 621
WELLS FARGO & CO. NEW 949746101 121 1909 SH SOLE 1 1620 0 289
WELLS FARGO & CO. NEW 949746101 12 200 SH DEFINED 1 200 0 0
WESTAR ENERGY INC 95709T100 46 2235 SH SOLE 1 480 0 1755
WEYERHAEUSER CO COM 962166104 36 500 SH SOLE 1 0 0 500
WHIRLPOOL CORP 963320106 43 479 SH SOLE 1 0 0 479
WHITNEY HOLDING CORP COMMON 966612103 66 1875 SH SOLE 1 1875 0 0
WHOLE FOODS MARKET INC 966837106 425 6400 SH SOLE 1 282 0 6118
WILLIAMS SONOMA INC 969904101 53 1260 SH SOLE 1 0 0 1260
WYETH 983024100 863 17797 SH SOLE 1 12312 0 5485
XM SATELLITE 983759101 556 25000 SH SOLE 1 25000 0 0
XT0 ENERGY INC 98385X106 77 1768 SH SOLE 1 0 0 1768
XCEL ENERGY INC 98389B100 2 154 SH SOLE 1 154 0 0
YAHOO INC 984332106 603 18709 SH SOLE 1 980 0 17729
YUM BRANDS INC 988498101 65 1346 SH SOLE 1 1346 0 0
ZIMMER HLDGS INC 98956P102 324 4796 SH SOLE 1 409 0 4387
ADASTRA MINERALS INC COM 006515100 542676 219765 SOLE NONE 0 0 219765
RSTK ADASTRA 006515902 2119454 858306 SOLE NONE 0 0 858306
ALLSTATE CORP 020002101 272379 5227 SOLE NONE 0 0 5227
ALLTEL CORP 020039103 1295988 20015 SOLE NONE 0 0 20015
AMERICAN CAP COM 024937104 434648 12362 SOLE NONE 0 0 12362
STRATEGIES LTD
AMERICAN INTERNATIONAL 026874107 198270 3000 SOLE NONE 0 0 3000
GROUP INC
AMERICAN INTERNATIONAL 026874107 134338 2033 SOLE NONE 0 0 2033
GROUP INC
AMERICAN INTERNATIONAL 026874107 13218 200 SOLE NONE 0 0 200
11
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
GROUP INC
AMERICAN INTERNATIONAL 026874107 10036 152 SOLE NONE 0 0 152
GROUP INC
AMERICAN INTERNATIONAL 026874107 9914 150 SOLE NONE 0 0 150
GROUP INC
AMERICAN INTERNATIONAL 026874107 1256 19 SOLE NONE 0 0 19
GROUP INC
AMGEN INC 031162100 387758 5330 SOLE NONE 0 0 5330
AMSOUTH BANCORPORATION COM 032165102 4397575 162572 SOLE NONE 0 0 162572
ANHEUSER BUSCH COS INC 035229103 244920 5726 SOLE NONE 0 0 5726
AUTOZONE INC 053332102 380018 3812 SOLE NONE 0 0 3812
AVAYA INC COM 053499109 133430 11808 SOLE NONE 0 0 11808
ISIN#US05349
91098
BP PLC SPONS ADR 055622104 560227 8126 SOLE NONE 0 0 8126
BANCORPSOUTH INC 059692103 36101349 1503596 SOLE NONE 0 0 1503596
RSTK BANCORPSOUTH INC 059692905 0 41229 SOLE NONE 0 0 41229
BANK OF AMERICA COM 060505104 1897641 41670 SOLE NONE 0 0 41670
BELLSOUTH CORP 079860102 1211455 34963 SOLE NONE 0 0 34963
BHP BILLITON LTD ADR 088606108 549941 13800 SOLE NONE 0 0 13800
ISIN#US08860
61086
BRISTOL MYERS SQUIBB COM 110122108 615791 25022 SOLE NONE 0 0 25022
CO
CALPINE CORP COM 131347106 2963 10975 SOLE NONE 0 0 10975
CATERPILLAR INC 149123101 250018 3482 SOLE NONE 0 0 3482
CHEVRON CORP COM 166764100 1095830 18903 SOLE NONE 0 0 18903
CITIGROUP INC COM 172967101 1235639 26162 SOLE NONE 0 0 26162
COCA COLA COMPANY 191216100 403932 9647 SOLE NONE 0 0 9647
COMMERCIAL METALS CO 201723103 237282 4436 SOLE NONE 0 0 4436
CONECTISYS CORP COM NEW 206827206 25 25000 SOLE NONE 0 0 25000
CYGNUS INC DEL LIQ COM 232992545 0 20335 SOLE NONE 0 0 20335
DOW CHEM CO 260543103 501247 12346 SOLE NONE 0 0 12346
DU PONT E I DE NEMOURS 263534109 202686 4802 SOLE NONE 0 0 4802
& COMPANY
DUKE ENERGY CORP COM 264399106 253093 8682 SOLE NONE 0 0 8682
EMC CORP (MASS) COM 268648102 289419 21234 SOLE NONE 0 0 21234
E-PRIME AEROSPACE CORP COM 268817103 318 138361 SOLE NONE 0 0 138361
8X8 INC NEW COM 282914100 28525 16300 SOLE NONE 0 0 16300
FIRST HORIZON NATL COM 320517105 465164 11168 SOLE NONE 0 0 11168
CORP
FIRST M & F CORP COM 320744105 336854 9680 SOLE NONE 0 0 9680
FORD MOTOR CO DEL COM PAR 345370860 267591 33617 SOLE NONE 0 0 33617
FORDING CDN COAL TR TR 345425102 265090 6987 SOLE NONE 0 0 6987
UNIT
FRIEDE GOLDMAN HALTER NO 358430106 53 26585 SOLE NONE 0 0 26585
INC STOCKHOLDER
EQUITY
1/13/04
FURNITURE BRANDS INTL COM 360921100 290569 11855 SOLE NONE 0 0 11855
INC
GENERAL AMERN INVS CO COM 368802104 446512 11800 SOLE NONE 0 0 11800
INC
GENERAL ELECTRIC CO COM 369604103 2815299 80946 SOLE NONE 0 0 80946
GOLD KIST INC COM 380614107 2456116 194313 SOLE NONE 0 0 194313
RSTK GOLD KIST INC COM 380614909 0 23102 SOLE NONE 0 0 23102
HALLIBURTON CO 406216101 324092 4438 SOLE NONE 0 0 4438
HARLEY DAVIDSON INC 412822108 377640 7279 SOLE NONE 0 0 7279
HEALTHSOUTH CORP 421924101 59865 11997 SOLE NONE 0 0 11997
HEWLETT PACKARD CO COM 428236103 232972 7081 SOLE NONE 0 0 7081
HOME DEPOT INC COM 437076102 566893 13402 SOLE NONE 0 0 13402
INCO LIMITED COM SHS 453258402 228926 4586 SOLE NONE 0 0 4586
ISIN#CA45325
84022
INTEL CORP COM 458140100 815074 42123 SOLE NONE 0 0 42123
INTERNATIONAL BUSINESS COM 459200101 270415 3279 SOLE NONE 0 0 3279
MACHS CORP
INVESTMENT GRADE MUN COM 461368102 212566 15875 SOLE NONE 0 0 15875
INCOME FD
ISHARES INC MSCI 464286665 511316 4872 SOLE NONE 0 0 4872
PACIFIC EX JAPAN INDEX
FD
ISHARES INC MSCI 464286830 153068 20491 SOLE NONE 0 0 20491
MALAYSIA FREE INDEX FD
ISHARES TR MSCI EAFE 464287465 343167 5286 SOLE NONE 0 0 5286
INDEX FD
ISHARES TR S&P MIDCAP 464287507 578348 7295 SOLE NONE 0 0 7295
400 INDEX FD
ISHARES TR DOW JONES 464287788 422272 4014 SOLE NONE 0 0 4014
US FINL SECTOR INDEX FD
JOHNSON & JOHNSON COM 478160104 849001 14336 SOLE NONE 0 0 14336
K MART CORP NO 482584109 0 102383 SOLE NONE 0 0 102383
STOCKHOLDERS
EQUITY
5/6/03
LEGGETT & PLATT INC 524660107 204537 8393 SOLE NONE 0 0 8393
LIGHTBRIDGE INC COM 532226107 277500 25000 SOLE NONE 0 0 25000
LILLY ELI & CO COM 532457108 1512123 27344 SOLE NONE 0 0 27344
12
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
LUCENT TECHNOLOGIES COM 549463107 219385 71930 SOLE NONE 0 0 71930
INC
MEDTRONIC INC 585055106 578505 11399 SOLE NONE 0 0 11399
MERCK & CO INC 589331107 215083 6105 SOLE NONE 0 0 6105
MICROSOFT CORP COM 594918104 1694734 62284 SOLE NONE 0 0 62284
VIRGINIA GOLD MINES INC 602914103 129298 10000 SOLE NONE 0 0 10000
VIRGINIA GOLD MINES INC 602914103 129298 10000 SOLE NONE 0 0 10000
ESCROW MIRANT CORP COM NEW 604675991 0 18884 SOLE NONE 0 0 18884
MONTGOMERY STR INCOME 614115103 170600 10000 SOLE NONE 0 0 10000
SECS INC
MORGAN STANLEY COM NEW 617446448 200338 3189 SOLE NONE 0 0 3189
MOTOROLA INC 620076109 543092 23705 SOLE NONE 0 0 23705
MURPHY OIL CORP 626717102 1615026 32417 SOLE NONE 0 0 32417
MYLAN LABORATORIES INC 628530107 351468 15020 SOLE NONE 0 0 15020
N B C CAP CORP COM 628729105 1372131 59840 SOLE NONE 0 0 59840
NASDAQ 100 TR UNIT SER 631100104 600434 14317 SOLE NONE 0 0 14317
1
NEORX CORP COM PAR 0.02 640520300 13200 10000 SOLE NONE 0 0 10000
NOKIA CORP SPONSORED 654902204 153093 7389 SOLE NONE 0 0 7389
ADR
NORTH AMERN DATACOM COM 656837101 0 50625 SOLE NONE 0 0 50625
INC
NORTH AMERN COM NEW 657193207 8500 50000 SOLE NONE 0 0 50000
TECHNOLOGIES GROUP INC
NORTH AMERN COM NEW 657193207 8500 50000 SOLE NONE 0 0 50000
TECHNOLOGIES GROUP INC
PEPSICO INC 713448108 336623 5825 SOLE NONE 0 0 5825
PFIZER INC COM 717081103 1067755 42847 SOLE NONE 0 0 42847
PIPELINE DATA INC COM 724059100 14200 10000 SOLE NONE 0 0 10000
POWER ONE INC COM 739308104 45720 6350 SOLE NONE 0 0 6350
PROCTER & GAMBLE CO 742718109 1607184 27893 SOLE NONE 0 0 27893
PUTNAM PREMIER INCOME 746853100 416878 68229 SOLE NONE 0 0 68229
TRUST SHARES OF
BENEFICIAL INT
SANDERSON FARMS INC 800013104 538011 24018 SOLE NONE 0 0 24018
SCHERING-PLOUGH CORP COM 806605101 1559877 82142 SOLE NONE 0 0 82142
SEQUOIA ASSET MGMT COM 817373103 452 15060 SOLE NONE 0 0 15060
GROUP INC
SOUTHERN CO 842587107 536230 16363 SOLE NONE 0 0 16363
SUNTRUST BKS INC 867914103 273723 3762 SOLE NONE 0 0 3762
SUNTRUST BKS INC 867914103 238216 3274 SOLE NONE 0 0 3274
SUNTRUST BKS INC 867914103 7603 104 SOLE NONE 0 0 104
SUNTRUST BKS INC 867914103 2860 39 SOLE NONE 0 0 39
SUNTRUST BKS INC 867914103 522402 7180 SOLE NONE 0 0 7180
TENNESSEE VALLEY AUTH 880591300 593833 24930 SOLE NONE 0 0 24930
PUTABLE AUTOMATIC RATE
RESET SEC PARRS 1998
SER D 6.75% TO 6/03
RESET ANNUALLY 6/01/28
MTY
TEXAS INSTRUMENTS INC 882508104 274000 8439 SOLE NONE 0 0 8439
TIME WARNER INC NEW COM 887317105 221554 13196 SOLE NONE 0 0 13196
TRUSTMARK CORP 898402102 900285 28454 SOLE NONE 0 0 28454
UST INC FORMERLY UBO 902911106 618218 14861 SOLE NONE 0 0 14861
US BANCORP DEL COM NEW 902973304 529123 17348 SOLE NONE 0 0 17348
UNITED ENERGY CORP NEW 910900208 20500 10000 SOLE NONE 0 0 10000
(NEV)
UNITED PARCEL SVC INC CL B 911312106 396093 4990 SOLE NONE 0 0 4990
VANGUARD INDEX FDS 922908769 3013142 23237 SOLE NONE 0 0 23237
VANGUARD STK MKT VIPERS
WAL MART STORES INC 931142103 8344987 176651 SOLE NONE 0 0 176651
WALGREEN CO 931422109 301569 6992 SOLE NONE 0 0 6992
YAHOO INC COM 984332106 334181 10359 SOLE NONE 0 0 10359
ZWEIG FUND INC 989834106 55191 10035 SOLE NONE 0 0 10035
RESNASANT CORP COM 75970E107 1045325 28298 SOLE NONE 0 0 28298
AT&T INC COM 00206R102 514340 19021 SOLE NONE 0 0 19021
ADATOM.COM INC (OREGON) 00650Q998 0 2500000 SOLE NONE 0 0 2500000
ALTRIA GROUP INC COM 02209S103 793515 11198 SOLE NONE 0 0 11198
ASSURED PHARMACY INC COM 04622L103 273600 570000 SOLE NONE 0 0 570000
BIFS TECHNOLOGIES CORP COM 05547A106 0 10110 SOLE NONE 0 0 10110
BANCORPSOUTH CAP TR I 05969E305 1805928 71296 SOLE NONE 0 0 71296
TR PFD SECS 8.150%
TRUPS
BURLINGTON NORTHERN COMMON 12189T104 253740 3045 SOLE NONE 0 0 3045
SANTA FE
CAPITAL ONE FINL CORP COM 14040H105 20599995 255837 SOLE NONE 0 0 255837
CENTERPOINT ENERGY INC COM 15189T107 285991 23972 SOLE NONE 0 0 23972
CISCO SYSTEMS INC 17275R102 1096047 50579 SOLE NONE 0 0 50579
CONOCOPHILLIPS. 20825C104 542256 8587 SOLE NONE 0 0 8587
CRIMSON EXPL INC COM 22662K108 42142 52678 SOLE NONE 0 0 52678
CYTOMEDIX INC COM NEW 23283B204 41438 17194 SOLE NONE 0 0 17194
DWS MUN INCOME TR COM NEW 23338M106 169035 14750 SOLE NONE 0 0 14750
DEBT STRATEGIES FD INC NEW COM 24276Q109 91879 13900 SOLE NONE 0 0 13900
DELL INC COM 24702R101 701800 23582 SOLE NONE 0 0 23582
DRAKE GOLD RES INC COM 26144G106 824 103000 SOLE NONE 0 0 103000
ERHC ENERGY INC COM 26884J104 18071 19750 SOLE NONE 0 0 19750
ENCOMPASS SVCS CORP NO 29255U104 0 11000 SOLE NONE 0 0 11000
STOCKHOLDERS
EQUITY
13
** VOTING AUTHORITY **
TITLE OF MKT VAL PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY SH/PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------- -------- --------- ------- ---- ------ ---- ---------- -------- ---- ------ ----
6/9/03
EXELON CORP COM 30161N101 229610 4340 SOLE NONE 0 0 4340
EXXON MOBIL CORP COM 30231G102 2632412 43254 SOLE NONE 0 0 43254
FMC TECHNOLOGIES INC COM 30249U101 232078 4531 SOLE NONE 0 0 4531
ISIN#US30249
U1016
FEDEX CORP COM 31428X106 309235 2738 SOLE NONE 0 0 2738
GLAXOSMITHKLINE PLC SPONS ADR 37733W105 565210 10805 SOLE NONE 0 0 10805
GOLDMAN SACHS GROUP COM 38141G104 348779 2222 SOLE NONE 0 0 2222
INC
GOOGLE INC CL A 38259P508 315900 810 SOLE NONE 0 0 810
GREENSHIFT CORP COM 39571R107 1355 10000 SOLE NONE 0 0 10000
HOSPITALITY PPTYS COMMON 44106M102 687206 15736 SOLE NONE 0 0 15736
TRUST SHARES OF
BENEFICIAL
INTEREST
JDS UNIPHASE CORP 46612J101 61457 14738 SOLE NONE 0 0 14738
JP MORGAN CHASE & CO COM 46625H100 717237 17225 SOLE NONE 0 0 17225
ISIN#US46625
H1005
MAGNUM D OR RES INC COM 55970P104 170 10000 SOLE NONE 0 0 10000
MAGNUM D OR RES INC COM 55970P104 170 10000 SOLE NONE 0 0 10000
NUVEEN PERFORMANCE COM 67062P108 140018 9285 SOLE NONE 0 0 9285
PLUS MUNICIPAL FUND
INC
NUVEEN PERFORMANCE COM 67062P108 129688 8600 SOLE NONE 0 0 8600
PLUS MUNICIPAL FUND
INC
NUVEEN PERFORMANCE COM 67062P108 11958 793 SOLE NONE 0 0 793
PLUS MUNICIPAL FUND
INC
NUVEEN PERFORMANCE COM 67062P108 281664 18678 SOLE NONE 0 0 18678
PLUS MUNICIPAL FUND
INC
NUVEEN QUALITY PFD INE COM 67071S101 410400 30880 SOLE NONE 0 0 30880
FD
ORACLE CORP COM 68389X105 227254 16600 SOLE NONE 0 0 16600
PAYMENT DATA SYS INC COM 70438S103 188 1500 SOLE NONE 0 0 1500
PEPSIAMERICAS INC COM 71343P200 449880 18400 SOLE NONE 0 0 18400
ISIN#US71343
P2002
PETROFUND ENERGY TR TR 71648W108 207860 9500 SOLE NONE 0 0 9500
UNIT
REGIONS FINL CORP NEW COM 7591EP100 241133 6856 SOLE NONE 0 0 6856
RELIANT ENERGY INC COM 75952B105 170751 16139 SOLE NONE 0 0 16139
STANDARD & POORS 78462F103 2144167 16515 SOLE NONE 0 0 16515
DEPOSITARY RECEIPTS
(SPDR'S) UNITS OF
UNDIVIDED BENEFICIAL
INTEREST
SELECT SECTOR SPDR FD 81369Y100 264839 8187 SOLE NONE 0 0 8187
MATERIALS
SECTOR SPDR TR SHS BEN 81369Y605 450264 13833 SOLE NONE 0 0 13833
INT FINANCIAL
SIRIUS SATELLITE RADIO COM 82966U103 463596 91259 SOLE NONE 0 0 91259
INC
STEMCELLS INC COM 85857R105 36337 10150 SOLE NONE 0 0 10150
STRATS GOLDMAN SACHS 86311R202 7549080 308000 SOLE NONE 0 0 308000
GROUP SECS TR 2004-8
CTF FLTG RATE
TOUCHSTONE RES USA INC COM 89154R107 11000 10000 SOLE NONE 0 0 10000
VALERO ENERGY 91913Y100 281990 4717 SOLE NONE 0 0 4717
CORPORATION
VERIZON COMMUNICATIONS COM 92343V104 720306 21148 SOLE NONE 0 0 21148
WAL MART DE MEXICO SA SPONS ADR 93114W107 230246 8788 SOLE NONE 0 0 8788
DE CV ISIN#US93114
W1071
REPSTG SER
V SHS
WORLDCOM INC GA NO 98157D106 0 43815 SOLE NONE 0 0 43815
STOCKHOLDERS
EQUITY
4/20/04
FRUIT OF THE LOOM LTD CL A NO G3682L105 0 13000 SOLE NONE 0 0 13000
STOCKHOLDERS
EQUITY 5
GLOBAL CROSSING LTD NO G3921A100 0 43900 SOLE NONE 0 0 43900
STOCKHOLDERS
EQUITY
12/09/2003
GLOBALSANTAFE G3930E101 450826 7421 SOLE NONE 0 0 7421
CORPORATION SHS
ISIN#KYG3930W1017
REPUBLIC CEMENT CORP Y7275P100 2098 175794 SOLE NONE 0 0 175794
RC SHS
ISIN#PHY7275P1004
GRAND TOTALS 152024353 26075390 4531408 9963522 11580460
14